All Eyewear Intelligence articles in Volume 18, Issue 6-7
View all stories from this issue.
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Article
New stores and Salmoiraghi lift Luxottica’s sales
Luxottica increased first-quarter sales by 5.2 percent to €2,384 million thanks to favorable foreign exchange rates, the opening of new stores and the consolidation of the results of Salmoiraghi & Viganò, the Italian optical retail chain, which contributed about €40-50 million in additional revenues.Like Essilor, however, Luxottica is not growing ...
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Short stops
Mykita has moved its Paris store to a new location...
Mykita has moved its Paris store to a new location on rue du Pont-aux-Choux
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News briefs
Spy has launched a revamped version of its website for...
Spy has launched a revamped version of its website for its sunglasses, eyeglasses and goggles. It is particularly designed to provide users of smartphones and tablets to gather all the technical information about the products before visiting a store. The website was developed by John Gilson, the American company's recently ...
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Short stops
Krys, the French voluntary group, has renewed its partnership with...
Krys, the French voluntary group, has renewed its partnership with the Tour de France cycling race for three more years
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Article
Rodenstock’s turnover is flattish
After rising for six years in a row, Rodenstock's sales were basically flat in the past financial year in terms of local currencies. In reported euros, they were down by 1.8 percent to €409 million, with declines of 1.5 percent in lenses and 6 percent in spectacles. Ebitda went down ...
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Article
GrandVision registers strong growth in the first quarter
GrandVision's revenues for the first quarter of the year grew by 5.2 percent over the year-ago quarter to €821 million, with a 6.2 percent increase in constant currencies. On a comparable store basis, they increased by 4.1 percent, driven by strong sunglass sales, the timing of the Easter holidays and ...
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Article
New figures from Germany
At its annual press conference, the German opticians' association, the ZVA, estimated that the German optical retail market increased by 2.1 percent to a total turnover of €5.9 billion in 2016, as compared to the previous year. Excluding online retail sales, the market recorded a turnover of €5.7 billion in ...
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News briefs
The Safilo Group says it is entering the Iranian market...
The Safilo Group says it is entering the Iranian market through an exclusive distribution agreement with a company called Maxivision, which operates in Iran through Noor Gostaran Azin Aryan Company, a leading local commercial operator that has been active in the country since 2007. It will be one of Safilo's ...
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Article
Luxottica downsizes LensCrafters’ stores
Luxottica plans to reduce the size of LensCrafters locations in the U.S. by removing in-store laboratories and servicing the points of sale from central laboratories. Financial analysts expect the move to reduce the size of the stores by 40-50 percent, and the group said that the estimate is reasonable.It can ...
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Article
Cutler and Gross revises its sales structure
Cutler and Gross has completed the establishment of a new global sales force. Instead of taking orders directly from retailers as before, as many companies in the sector are still doing, it has set up a team of 12 agents all over Europe in recent months. The most recent agent, ...
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News briefs
Crofton International has sold its remaining stake in the Jai...
Crofton International has sold its remaining stake in the Jai Kudo Group to the Yakira Group for an undisclosed amount. Yakira, a 71-year-old British supplier of private label and licensed eyewear, optical tools, consumables and accessories, formed a joint venture last year with the parent company of Jai Kudo, a ...
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Lafont, the French eyewear company, has partnered with the Roland-Garros...
Lafont, the French eyewear company, has partnered with the Roland-Garros tennis tournament in Paris for a limited edition of two sunglasses
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News briefs
Electric California has signed a master franchising deal for Europe,...
Electric California has signed a master franchising deal for Europe, the Middle East and Africa with Pilot Fish, a company in the French city of Biarritz that specializes in the distribution of emerging brands in the action sports sector. The brand of sunglasses was previously distributed in Europe by Volcom, ...
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Article
GrandVision buys Tesco Opticians, looks for new CEO
Vision Express, the British optical retail chain controlled by GrandVision, has agreed to acquire the network of 209 Tesco Optician stores, located in some of the larger Tesco supermarket stores in the U.K. and Ireland. The financial terms of the transaction were not disclosed.Tesco Opticians employs more than 1,500 people ...
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Article
Bumper quarter for Fielmann
Sales rose by nearly 7 percent on a same-store basis during the first quarter of this year for the leading German optical retailer. The main reason was the addition of two extra shopping days as compared to a year ago, due to the later Easter holidays, company officials pointed out. ...
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News briefs
For its first edition jointly organized by the British Federation...
For its first edition jointly organized by the British Federation of Manufacturing Opticians (FMO) and the Mark Allen group, which now owns the trade show and the Optician magazine, Optrafair attracted a total of 7,122 visitors on April 1 to 3 in Birmingham. Attendance figures for 2016 could not be ...
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News briefs
Sunglass Hut, one of the retail brands of Luxottica Group,...
Sunglass Hut, one of the retail brands of Luxottica Group, has appointed Giorgio Pradi as its new general manager for North America. Mary Anne Stangby, who most recently served as senior vice-president and general manager of Sunglass Hut North America, will be leaving the company. Stangby, who will work along ...
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News briefs
While reporting major sales increases for major brands like Gucci,...
While reporting major sales increases for major brands like Gucci, Yves Saint Laurent and Puma during the first quarter of 2017, Kering said that Kering Eyewear had net sales of €85.5 million in the period. Before elimination of intra-group sales and royalties due to the brands, Kering Eyewear's quarterly sales ...
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Rudy Project, the Italian brand of sunglasses, says it is...
Rudy Project, the Italian brand of sunglasses, says it is supporting a Hungarian expedition, led by Dávid Klein and Szilárd Suhajda, who are trying to cimb up the Everest without oxygen tanks
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News briefs
Mister Spex, Germany's biggest online eyewear retailer, is expanding its...
Mister Spex, Germany's biggest online eyewear retailer, is expanding its portfolio of private brands by launching a new line of designer eyewear called CO, which stands for Contemporary Optical. With a minimum price tag of €90, it is the first premium line of Mister Spex. The first collection comprises 25 ...
